Apple may buy factory belonging to struggling Apple display-maker

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Apple may buy factory belonging to struggling Apple display-maker
Japan Display makes LCD screens for Apple.
Photo: Apple

Struggling Apple display-maker Japan Display could sell Apple and Sharp its main smartphone screen factory, a new report claims.

Japan Display still owes Apple more than $800 million for the plant, which it built four years ago for $1.5 billion. It could recoup this money by selling the factory to partners including Cupertino.

Apple’s support helps Japan Display nail down an extra $830 million bailout

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Apple shares just passed another historic milestone
Japan Display is getting some help from Japanese asset manager Ichigo Asset Management.
Photo: Pixabay/Pexels CC

Struggling Apple display maker Japan Display claims it has nailed down an extra $830 million in bailout financial support from Japanese asset manager Ichigo Asset Management.

Ichigo joins Apple and Apple contract manufacturer Wistron in the effort to save the beleaguered business. And it wouldn’t have done it without Cupertino’s support.

Apple display-maker will revisit past earnings after embezzlement case

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Apple may buy factory belonging to struggling Apple display-maker
Japan Display makes Apple's LCD displays.
Photo: Apple

There’s more bad news for struggling Apple display-maker Japan Display. After news of a former executive embezzling funds, the company has announced that it will be reviewing its past earnings.

That’s a major headache at a time when the ailing business is trying to raise 50 billion yen ($460 million) from Apple and other investors.

Apple display-maker executive fired for embezzling millions of dollars

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Apple display maker exec fired for embezzling millions of dollars
Japan Display makes LCD screens for the iPhone.
Photo: Kristal Chan/Cult of Mac

Apple display-maker Japan Display may be struggling — but one of its executives apparently hasn’t been. The firm revealed today that it fired an accounting executive last year for allegedly embezzling $5.3 million over four years.

Japan Display is now cooperating with police in a criminal investigation of the unnamed employee.

Apple is paying up faster to help struggling display-maker

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iPhone XR
Apple won't give up on JDI.
Photo: Apple

Apple has reportedly agreed shorter payment terms with struggling display-maker Japan Display (JDI). It is part of a plan to help stabilize the company following years of financial troubles.

The deal comes after Apple agreed to cough up as much as $200 million as part of bailout to keep JDI afloat.

Apple doubles investment to save struggling display-maker

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Apple may buy factory belonging to struggling Apple display-maker
Apple may buy factory belonging to struggling Apple display-maker
Photo: Apple

Apple has reportedly doubled its investment in struggling iPhone screen-maker Japan Display (JDI).

CEO Minoru Kikuoka expects the deal to be completed this month. It comes after an ¥80 billion ($750 million) bailout deal fell through in late September when the largest investor pulled its funding.

Struggling iPhone display-maker suffers another big blow

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iPhone XR
Apple won't give up on JDI.
Photo: Apple

An effort to save struggling LCD manufacturer Japan Display (JDI) has reportedly been scrapped.

The firm leading the bailout with a ¥63 billion ($557 million) investment this week pulled out of a potential deal, according to people familiar with the matter.

The future of JDI now looks uncertain — but strong demand for iPhone 11 is helping its bottom line.

Struggling Apple display maker will take 2 years to start building OLED screens

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iPhone XR test
Japan Display currently makes LCD screens for the iPhone XR.
Photo: Apple

Struggling Apple display maker Japan Display is trying to reconfigure its business to develop OLED displays, instead of LCD ones. However, according to CEO Winston, it’s going to take at least two years until they’re ready.

The displays will reportedly be manufactured at Japan Display’s Hakusan plant in Japan’s Ishikawa Prefecture.

Apple tests out new OLED suppliers for future iPhone refresh

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iPhone XS and iPhone XS Max
BOE Technology could join Apple's supply chain next year.
Photo: Apple

Apple is said to be “aggressively testing” OLED screens from other suppliers ahead of a 2020 iPhone refresh.

Cupertino reportedly wants to diversify its supply chain next year. It currently relies heavily on Samsung for OLED panels, with LG Display making only small contributions for the iPhone XS lineup.